Technical analysis AUDNZD for 30.05.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.07950. The closest resistance is the level 1.08150

Key levels

1.08800, 1.08450, 1.08150, 1.07950, 1.07725, 1.07500

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 1.08150, with Take Profit of 1.08450 and Stop Loss of 1.07950

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 1.07950, with Take Profit of 1.07725 and Stop Loss of 1.08150